Bethesda has announced that Prey 2 has suffered a major delay. It's not expected to release this year, with Bethesda putting the delay down to the game's development not meeting the publisher's standards.
In a statement, Bethesda rather frankly stated, "The delay is due to the fact that game development has not progressed satisfactorily this past year."
This of course means that the game hasn't been cancelled, which had been rumoured in the past, but Bethesda stated that they're now working to make a game that fans want and expect out of a AAA title.
No date has been specified as of right now, but hopefully we'll receive more information as we get closer to 2013.